City Council Special Meeting - May 19, 2026

The City Council of Foster City held a special meeting on May 19, 2026, primarily focused on reviewing the preliminary biannual budget for fiscal years 2026-27 and 2027-28, along with a five-year financial forecast through 2030. The discussion covered detailed budget components including operating funds, capital improvement projects (CIPs), personnel changes, and revenue assumptions such as property tax, sales tax, and transient occupancy tax. Key procurement-related topics included the addition of new staff positions across various departments, contract amendments for housing management services, and anticipated increases in public works and wastewater treatment costs. The council also discussed the need for a financial policy to manage CIP funding and reserves more effectively, with considerations for future revenue sources and budget conservatism. A motion to proceed with the preliminary budget was unanimously approved by the council members present.